BOSTON BlackRock Inc( BLK.N ), which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity...

NRG Energy Inc, the largest U.S. independent power producer, said it would appoint two directors in a deal with activist investor Elliott Management and private equity firm Bluescape Energy Partners...

CSX Corp has extended the director nomination deadline for its board of directors, giving the U.S. railroad company more time to reach an agreement with an activist investor and industry veteran Hunter Harrison. CSX said the deadline would be extended to Feb. 24 from Friday, in a sign that the two sides remain in talks but have more details to hammer out...

Software maker Autodesk Inc said Chief Executive Carl Bass would step down and two board members nominated by activist investor Sachem Head Capital would resign. Autodesk in March reached a settlement with two activist investors - Eminence Capital LP and Sachem Head Capital - and appointed three directors to its board to avoid a proxy fight...

Former United States congressman David W. Jolly joins Mikros Systems Corporation board of directors. From March 2014 through January 2017, Jolly served as member of United States house of representatives representing 13th district of Florida...

Arconic Inc. is facing a proxy fight from its largest shareholder after Elliott Management on Tuesday nominated five directors to serve on the company's board. Elliott, the hedge fund and activist investor, said that Arconic needed to pursue a change of leadership, taking aim at the company's CEO, Klaus Kleinfeld, who engineered Arconic's spin off from Alcoa Corp. last year...

LONDON -- Alliance Trust ( ATST.L ) will buy back the 19.75 percent of its shares owned by U.S. activist investor Elliott Management, the Scottish asset manager said on Friday, following pressure from Elliott to improve the fund's performance...

JPMorgan Chase & Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors "lazy" if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. But JPMorgan itself turns out to be a close follower of ISS, at least when it ...

Big U.S. banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors' funds for speculative bets on the bank's own account, a test case of whether Wall Street can flex its muscle in Washington again. In interviews over the past several weeks, half a dozen industry lobbyists said they began meeting with legislative staff after the U.S. election in November to discuss matters including a rollback of Volcker, part of the Dodd-Frank financial reform that Congress enacted after the financial crisis and bank bailouts. Lobbyists said they plan to ...

Technology 57am EST Viacom Chair Emeritus Sumner Redstone to step down from board Sumner Redstone, executive chairman of CBS Corp. and Viacom, arrives at the premiere of 'The Guilt Trip' in Los Angeles December 11, 2012. REUTERS/Fred Prouser/File Photo Viacom ( VIAB.O ) Chairman Sumner Redstone will step down from the board of directors after the company's annual meeting in February, according to a company filing Friday...

U.S. car rental company Hertz Global Holdings Inc ( HTZ.N ) said on Tuesday that Chief Executive Officer John Tague will retire in January, a little over two years since he got the role with backing from activist investor Carl Icahn. Hertz said Kathryn Marinello, and who sits on the boards of AB Volvo ( VOLVb.ST ) and General Motors Co ( GM.N ), would replace Tague, an appointment that given a vote of confidence by Icahn...

Carl Icahn, the activist investor who owns over $1.2 billion worth of Herbalife ( HLF.N ) shares, said the stock is cheap, especially now that the cloud of a government investigation has lifted, and that the company will create a lot of jobs. "It is undervalued," Icahn ...

Depomed Inc said activist investor Starboard Value LP, which owns 9.8 percent of the drugmaker, had dropped its bid to oust the company's board. The company said a special shareholder meeting scheduled for Nov. 15 was canceled. Depomed, which has six directors on its board, said Starboard would appoint three independent directors - James Fogarty, Robert Savage and James Tyree.

Chesapeake Energy Corp ( CHK.N ) said on Tuesday that two board directors, including a representative of activist investor Carl Icahn, resigned on Monday, a week after Icahn more than halved his stake in the natural gas producer. John Lipinski, who has been on Chesapeake's board since June 2014, and Vincent Intrieri stepped down on Monday, the company said...